- March 28, 2013
Today the banks of Cyprus will reopen after a 12-day closure that has thrown the island’s population into panic, and Cypriots will finally be able to access their savings and withdraw cash from ATM machines. Well not all of it, because the new EU/IMF rescue package imposed on the Cypriot government includes a raft...
- March 17, 2013
The Cyprus ‘bailout’ announcement marks a new threshold in the ongoing disgrace that we have come to label austerity. For the first time, the European Union, the IMF and a national government have announced that a levy will be exacted on individual savings without any process of consultation, in order to prevent the Cypriot...